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369 Ocean Pkwy, Ocean Pines, MD 21811

3 beds • 3 baths • 1659 sqft

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This property looks like a bad Airbnb investment with a projected -13.98% first-year return on $103k initial cash invested.

-13.98%

Cash On Cash

2.69%

Cap Rate

0.45

DSCR

$2,475

Rent

-$1,203

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,475 income − $3,678 expenses = $1,203 out of pocket

Income$2,475Out of Pocket$1,203Mortgage P&I$2,01481%Property Taxes$2329%Insurance$1687%HOA$763%Management$37115%CapEx$994%Maintenance$994%Other$61925%

Investment Breakdown

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Purchase Price

$406k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$81,180

Closing costs

1%

$4,059

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,475

Total Expenses

$3,678

Mortgage P&I

81%

$2,014

Property Taxes

9%

$232

Home Insurance

7%

$168

HOA

3%

$76

Property Management

15%

$371

CapEx

4%

$99

Vacancy

0%

$0

Maintenance

4%

$99

Other

25%

$619

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